First Trust Advisors LP boosted its stake in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 52.9% during the second quarter, Holdings Channel reports. The fund owned 2,301,781 shares of the financial services provider’s stock after buying an additional 796,799 shares during the period. First Trust Advisors LP’s holdings in New York Community Bancorp were worth $30,222,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of New York Community Bancorp by 6,643.8% in the first quarter. BlackRock Inc. now owns 51,206,275 shares of the financial services provider’s stock valued at $715,351,000 after buying an additional 50,446,961 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt raised its stake in shares of New York Community Bancorp by 176.3% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 10,500,000 shares of the financial services provider’s stock valued at $137,865,000 after buying an additional 6,700,000 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of New York Community Bancorp by 4.6% in the first quarter. Vanguard Group Inc. now owns 39,860,379 shares of the financial services provider’s stock valued at $556,850,000 after buying an additional 1,759,241 shares during the last quarter. American Century Companies Inc. raised its stake in shares of New York Community Bancorp by 3,824.7% in the first quarter. American Century Companies Inc. now owns 1,308,768 shares of the financial services provider’s stock valued at $18,283,000 after buying an additional 1,275,421 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of New York Community Bancorp by 1,031.7% in the second quarter. Russell Investments Group Ltd. now owns 1,104,261 shares of the financial services provider’s stock valued at $14,500,000 after buying an additional 1,006,684 shares during the last quarter. Institutional investors own 58.88% of the company’s stock.

New York Community Bancorp, Inc. (NYCB) opened at 12.36 on Wednesday. New York Community Bancorp, Inc. has a 12-month low of $12.17 and a 12-month high of $17.68. The company has a market capitalization of $6.04 billion, a PE ratio of 13.45 and a beta of 0.58. The stock has a 50 day moving average of $12.94 and a 200 day moving average of $13.65.

New York Community Bancorp (NYSE:NYCB) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. New York Community Bancorp had a net margin of 25.67% and a return on equity of 7.46%. The company had revenue of $338.21 million during the quarter, compared to the consensus estimate of $326.36 million. During the same period in the previous year, the firm posted $0.26 earnings per share. On average, equities research analysts predict that New York Community Bancorp, Inc. will post $0.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Thursday, August 3rd. New York Community Bancorp’s dividend payout ratio is presently 73.91%.

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NYCB has been the topic of several analyst reports. ValuEngine upgraded shares of New York Community Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. BidaskClub lowered shares of New York Community Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Morgan Stanley restated an “equal weight” rating and issued a $13.75 price target (down previously from $14.00) on shares of New York Community Bancorp in a research note on Friday, July 7th. FBR & Co dropped their price target on shares of New York Community Bancorp from $13.00 to $12.00 and set an “underperform” rating on the stock in a research note on Thursday, April 27th. Finally, Zacks Investment Research upgraded shares of New York Community Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.46.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc is a multi-bank holding company. The Company operates through its subsidiaries, New York Community Bank (the Community Bank) and New York Commercial Bank (the Commercial Bank) (collectively, the Banks). The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking.

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Institutional Ownership by Quarter for New York Community Bancorp (NYSE:NYCB)

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